Which of the Following Statements Best Describes Opportunity Costs

Multiple Choice

Which of the following statements best describes opportunity costs?

A) The opportunity cost of attending college is the same for all students at the same university but may differ among students at different universities.
B) Some economic decisions have zero opportunity cost.
C) The opportunity cost of a decision is the value of the best forgone alternative.
D) The opportunity cost of a decision is equal to the explicit cost in monetary terms.